Information on VAT reductionLegalAs a result of the decision of the grand coalition on June 3, 2020, the value-added tax in Germany was reduced from 19 percent to 16 percent as of July 1, 2020, under the Corona Tax Relief Act. The reduced tax rate is now only 5% instead of 7%. Read more 8. September 2020 https://www.spesenfuchs.de/wp-content/uploads/2019/12/Zahlungsarten_groß.png 710 819 Spesenfuchs https://www.spesenfuchs.de/wp-content/uploads/2019/04/Logo-scroll2x_neu-1.png Spesenfuchs2020-09-08 10:52:392022-12-14 16:31:01Information on VAT reduction
Information on VAT reduction
LegalAs a result of the decision of the grand coalition on June 3, 2020, the value-added tax in Germany was reduced from 19 percent to 16 percent as of July 1, 2020, under the Corona Tax Relief Act. The reduced tax rate is now only 5% instead of 7%.